HomeMate.com.au

Will Australian house prices crash in 2013 as predicted by another US property guru? Many Australians’ belief in Real Estate as the best investment would be shocked that a US real estate expert is predicting Australia’s real estate prices could half over the next couple of years. Jordan Wirsz, a respected US real estate adviser  [...]

Is the housing shortage real, or just a trumped up story to give home buyers the hurry up. I have changed my mind over the past two years. After repeating the story for years on my blogs of a growing housing shortage in Australia believing it to be true, I now believe it might have [...]

Australian homeowners and renters on hurting over mortgage rates, reduced family support, housing bubble concerns. Maybe we won’t be seeing an interest rate rise in June, even thought its likely and we predicted it last month.

Home sales fell last year to below those recorded at the height of the global financial crisis in 2008. That was when the rest of the World had a major correction in house prices and Australia missed that bath.

Hence the :dead cat bounce” analogy.
Whilst we have seen several raises in mortgage interest rates, they are hardly a concern at average mortgage rates we have and full employment, so my guess is that house prices have got ahead of themselves and until they soften further we are unlikely to see an upswing in home buyers any time soon.

Whilst I recommend the article, there is a annoying reference to mortgage brokers at the beginning of the article that riles me, here.

Mortgage brokers hip deep in profits handed out no-doc mortgages to people with fictional incomes. Wall Street shopped bundles of those loans to investors, no matter how unappetizing the details. And federal regulators gave sleepy nods.
That world largely collapsed under the weight of its improbabilities in 2008.

Banking services available at most Australian Banks, Building Societies and Credit Unions Banks in Australia have developed an array of banking services to serve their customers in an increasingly competitive industry. When buying or constructing a home, its important that you have branch banking services your require near where you intend to build. Many people [...]

The Labor Party has been the driver in Banking Reform in Australia.

In fact it was always the Australian Labor Party who have reformed the banking system and opened up the mortgage industry to competition which saw the banks reduce their interest rates by over 2%. That is a lot of monthly savings for every Australian Homeowner with a mortgage.

Late last year, Mr Swan announced a bank reform package, including banning price signaling between banks and scrapping bank exit fees, in a bid to lift competition.